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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 11/18/2008 : 08:57:09
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Annual Average Nickel Price (not adjusted for inflation)
(Dollars per pound)
Year Price
1840 $1.70
1841 $1.70
1842 $2.09
1843 $2.40
1844 $2.75
1845 $3.05
1846 $3.05
1847 $2.89
1848 $2.19
1849 $1.93
1850 $1.93
1851 $1.93
1852 $1.93
1853 $1.70
1854 $1.70
1855 $1.57
1856 $1.57
1857 $1.45
1858 $1.20
1859 $1.20
1860 $1.20
1861 $1.20
1862 $1.08
1863 $1.65
1864 $2.29
1865 $1.68
1866 $1.55
1867 $1.52
1868 $1.14
1869 $1.39
1870 $1.28
1871 $1.32
1872 $2.25
1873 $3.84
1874 $3.10
1875 $2.96
1876 $2.52
1877 $1.60
1878 $0.95
1879 $0.89
1880 $0.95
1881 $0.91
1882 $0.99
1883 $1.11
1884 $0.70
1885 $0.65
1886 $0.48
1887 $0.62
1888 $0.58
1889 $0.65
1890 $0.65
1891 $0.55
1892 $0.75
1893 $0.52
1894 $0.57
1895 $0.30
1896 $0.33
1897 $0.33
1898 $0.33
1899 $0.32
1900 $0.50
1901 $0.56
1902 $0.45
1903 $0.40
1904 $0.40
1905 $0.40
1906 $0.40
1907 $0.45
1908 $0.45
1909 $0.40
1910 $0.40
1911 $0.40
1912 $0.40
1913 $0.42
1914 $0.41
1915 $0.41
1916 $0.42
1917 $0.42
1918 $0.41
1919 $0.40
1920 $0.42
1921 $0.42
1922 $0.38
1923 $0.36
1924 $0.30
1925 $0.33
1926 $0.36
1927 $0.35
1928 $0.37
1929 $0.35
1930 $0.35
1931 $0.35
1932 $0.35
1933 $0.35
1934 $0.35
1935 $0.35
1936 $0.35
1937 $0.35
1938 $0.35
1939 $0.35
1940 $0.35
1941 $0.35
1942 $0.32
1943 $0.32
1944 $0.32
1945 $0.32
1946 $0.35
1947 $0.35
1948 $0.36
1949 $0.40
1950 $0.45
1951 $0.54
1952 $0.57
1953 $0.60
1954 $0.61
1955 $0.66
1956 $0.65
1957 $0.74
1958 $0.74
1959 $0.74
1960 $0.74
1961 $0.78
1962 $0.80
1963 $0.79
1964 $0.79
1965 $0.79
1966 $0.79
1967 $0.88
1968 $0.95
1969 $1.05
1970 $1.29
1971 $1.33
1972 $1.40
1973 $1.53
1974 $1.74
1975 $2.07
1976 $2.25
1977 $2.27
1978 $2.04
1979 $2.66
1980 $2.96
1981 $2.71
1982 $2.18
1983 $2.12
1984 $2.16
1985 $2.26
1986 $1.76
1987 $2.19
1988 $6.25
1989 $6.04
1990 $4.02
1991 $3.70
1992 $3.18
1993 $2.40
1994 $2.88
1995 $3.73
1996 $3.40
1997 $3.14
1998 $2.10
1999 $2.71
2000 $3.90 (estimated)
2001 $2.70
2002 $3.07
2003 $4.37
2004 $6.28
2005 $6.69
2007 $16.36 (estimated)
2008 ????
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Edited by - horgad on 11/18/2008 09:15:38 |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 11/18/2008 : 10:07:57
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For what it is worth, $.42 in 1913 had the same buying power as
$9.28 in 2008. You must be logged in to see this link.
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Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 11/18/2008 : 10:48:49
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quote:
Originally posted by Ardent Listener
For what it is worth, $.42 in 1913 had the same buying power as
$9.28 in 2008. You must be logged in to see this link.
Yep, that is where I am heading to. I'll try to update this thread as I have time, but I want to dig a bit more into historical nickel prices and try and answer the question of whether or not nickel is cheap or expensive right now. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 11/18/2008 : 16:03:02
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| 1913 was as far back as the inflation converter would go but when did stainless steel production using nickel really take off? |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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longhorn
Penny Sorter Member
80 Posts |
Posted - 11/18/2008 : 20:54:58
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| fyi barclays has an etf re nickel prices. Its symbol is jjn. |
Obey Gresham's Law |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 11/19/2008 : 04:51:32
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1946 Nickel article explains why Nickel prices did not fall during the Great Depression. Basically, there was a monopoly.
You must be logged in to see this link. |
Edited by - horgad on 11/19/2008 04:55:07 |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 11/21/2008 : 22:12:44
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| why didn't the prices rise during WWII? |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 11/22/2008 : 06:12:14
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quote:
Originally posted by knibloe
why didn't the prices rise during WWII?
It is all part of the strange pricing during the INCO monopoly. INCO basically controlled the nickel supply and price for 20 years. So who knows maybe INCO had a huge surplus that they were working through or maybe it was politically incorrect to jack up nickel prices at the time or maybe INCO set the price at a point where no other nickel mining companies could operate. But the bottom line is that INCO said the price was .32 cents during WWII so it was .32 cents. |
Edited by - horgad on 11/22/2008 06:13:54 |
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mickeyman
Penny Pincher Member
Canada
243 Posts |
Posted - 11/24/2008 : 13:43:15
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| I remember in 1989 reading a story about Canadian nickels pre-1981 having a higher metal value than face. I started collecting them then, but only out of pocket change and got tired of it after a couple of months. It honestly never occurred to me then to buy rolls of them at the bank. It would have been so easy then. They would have been over 65% Ni and they would have been the only magnetic nickels around. But I think at the time it seemed too obsessive. I found my original stash of 200 or so last year. It seemed like a lot in 1989. |
Not all who wander are lost. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 11/24/2008 : 15:13:24
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quote:
Originally posted by mickeyman
I remember in 1989 reading a story about Canadian nickels pre-1981 having a higher metal value than face. I started collecting them then, but only out of pocket change and got tired of it after a couple of months. It honestly never occurred to me then to buy rolls of them at the bank. It would have been so easy then. They would have been over 65% Ni and they would have been the only magnetic nickels around. But I think at the time it seemed too obsessive. I found my original stash of 200 or so last year. It seemed like a lot in 1989.
There was a guy who used to post here who moved from the US to Canada and turned sorting nickels into a business. There was some serious money in it for a short while...
You must be logged in to see this link.
You must be logged in to see this link. |
Edited by - horgad on 11/24/2008 15:21:31 |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 12/31/2008 : 17:15:47
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Nickel, copper and even zinc are either at or approaching 60 day highs in the past few days. Hmmmmmm......
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Nickel Price
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